Mr. Patrick Power reports

ARCTIC STAR PROVIDES UPDATE FOR T-REX PROPERTY

Arctic Star Exploration Corp. has provided shareholders with an update of its T-Rex diamond exploration property in Northwest Territories, Canada.

Arctic Star has a 100-per-cent interest in T-Rex, which consists of 62 claims totalling 54,000 hectares. T-Rex is situated 22 kilometres north-northeast of the Diavik diamond mine along a wide corridor of economic diamond deposits that include kimberlite pipes A-21, A418, A154S, A154N, A841, Lynx, Misery, Point Lake and Jay. This kimberlite corridor includes the Hardy Lake kimberlite cluster, where Arctic Star holds 13 kimberlites.

The closest economic kimberlite to the T-Rex property is Jay, only 10 kilometres southwest, part of the Buffer zone joint venture between Dominion Diamond Corp. (64.3 per cent) and Archon Minerals Ltd. (34.7 per cent). The Jay project prefeasibility study (2015) reports a resource estimate of 45.6 million tonnes with a grade of 1.9 carats per tonne for 84.6 million carats. Jay will be a stand-alone open-pit operation that is expected to supply 4.3 million dry metric tonnes per year for 11 years beyond the current projected closure of the Ekati diamond mine.

Arctic Star has compiled available public domain data and has identified several kimberlite indicator mineral (KIM) dispersal trains that have not been explained by the current kimberlite inventory. Careful ground follow-up prospecting, mapping, sampling and geophysics are required to discover new kimberlite and explain these headless KIM dispersal trains.

Previous explorers significantly increased the size of diamond-bearing kimberlites on the T-Rex property by continuing to explore a pipe after discovery of its magnetic phase. Ground gravity surveys and subsequent core drilling allowed the Jack Pine kimberlite to grow to five hectares. Arctic Star has the opportunity to continue the process of searching for diamond-rich phases of existing kimberlites defined by magnetics alone and one or two core holes.

Buddy Doyle, BSc (applied science, geology), MAUSIMM, the author of this press release, has 31 years of experience in geology, with much of this time focused on successful diamond exploration. Kevin Kivi, PGeol, a qualified person, has approved the technical content of this press release.

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